INDIAN ECONOMY QUIZ

Depreciation means

closure of a plant due to lock out

loss of equipment over time due to wear and tear

closure of a plant due to labour trouble

destruction of a plant in a fire accident

TRUE ANSWER : ?
YOUR ANSWER : ?

Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to

100 percent

80 percent

70 percent

90 percent

TRUE ANSWER : ?
YOUR ANSWER : ?

In India, inflation measured by the

Wholesale Price Index number

National Income Deflation

Consumers Price Index for urban non-manual workers

Consumers Price Index for agricultural workers

TRUE ANSWER : ?
YOUR ANSWER : ?

Open market operation is a part of:

Credit Policy

None of these

Deposit Policy

Debit Policy

TRUE ANSWER : ?
YOUR ANSWER : ?

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

1988

1999

1990

1987

TRUE ANSWER : ?
YOUR ANSWER : ?

With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:

the year 1998

the year 2005

the year 1990

the year 1995

TRUE ANSWER : ?
YOUR ANSWER : ?

In India, which one among the following formulates the fiscal policy?

Finance Commission

Planning Commission

The Reserve Bank of India

Ministry of Finance

TRUE ANSWER : ?
YOUR ANSWER : ?

The first fully Indian Bank is:

State Bank of India

Punjab National Bank

Canara Bank

Central Bank of India

TRUE ANSWER : ?
YOUR ANSWER : ?

As per the 2009-10, data the commodity with highest share in total export value was:

Petroleum products

Engineering goods

Rice

Gems and Jewellery.

TRUE ANSWER : ?
YOUR ANSWER : ?

National Electricity Policy envisages elimination of power shortage by 2012 through addition of:

100000 Megawatt.

75000 Megawatt

50000 Megawatt

125000 Megawatt

TRUE ANSWER : ?
YOUR ANSWER : ?

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